The Bulgarian Stock Exchange (BSE) announced changes in the composition of four of its indices effective from March 18.
The bourse will remove from the blue-chip SOFIX index fertiliser producer Neochim [BUL:3NB] and Corporate Commercial Bank [BUL:6C9] and will include resort operator Albena [BUL:6AB] and agribusiness company Zarneni Hrani Bulgaria [BUL:T43], it said in a statement. The SOFIX index tracks the 15 most liquid shares on the BSE.
Six companies will be dropped from the broader BG40, which includes the 40 most traded shares. Those are hardboard maker Fazerles [BUL:4F6], cigarette filters maker Yuri Gagarin [BUL:4PX], real estate investment trust Aktiv Properties [BUL:5AX], Bulgarian-American Credit Bank [BUL:5BN], real estate investment fund Agro Finance [BUL:6AG] and the BSE operator [BUL:BSO]. They will be replaced by CEZ Razpredelenie Bulgaria [BUL:3CZ], Energo-Pro Sales [BUL: 4ES], Energo-Pro Grid [BUL:2EG], fuel retailer Petrol [BUL:5PET], printing and advertising firm Billboard [BUL:5BP] and car battery manufacturer Elhim Iskra [BUL:52E].
REIT FairPlay Properties [BUL:6F3] will replace Aktiv Properties [BUL:5AX] in the BG-REIT index, which tracks the performance of real estate investment trusts.
The bourse will also remove renewable energy company Energoni [BUL:2EL], investment company Albena Invest Holding [BUL:5ALB], Doverie United Holding [BUL:5DOV] and investment trust Agro Finance [BUL:6AG] from the BG TotalReturn30, in which companies with a free float of at least 10% have equal weight. They will be replaced by diversified company Industrial Capital Holding [BUL:4I8], Galata Investment Company [BUL:G0A], Energo-Pro Sales [BUL: 4ES] and ship repairer Odessos [BUL:5ODE].